Key Takeaways:

Paraguay typically ranks among the world’s largest soybean exporters, with roughly two-thirds of its production destined for export markets, although most shipments remain within South America. As a landlocked country, Paraguay relies heavily on the Paraguay-Paraná river system to reach export markets, creating logistical vulnerabilities and additional costs that can erase its often-cheap FOB prices in distant markets. Argentina is the primary destination for Paraguayan soybeans, using imports to supplement domestic supplies and support its massive crushing industry, particularly during periods of weaker Argentine production. Paraguay has steadily expanded soybean production through increased acreage, improving...